Like great parents, we always like to reinforce the importance of watching trends in the forex market. And although we can't force you to do anything, we can remind you of the good old sayings about "learning from the past", "putting your best foot forward", and "mother's always right". Today, we're going to glance over at the trend for the USD/JPY pair and make an educated guess on what's going to happen next. 
It appears that since October 12, 2010 the pair has struggled to clear the 82.0000 mark (it's current resistance level). In the past few weeks it has shown a strong surge on Oct. 19 (81.79937) and Oct. 27 (81.97170). Yesterday however, it broke the barrier closing at 82.54171. The chart looks a lot like a shooting star with its what goes up must come down motion.
Fortunately, we can capitalize on this pair as it appears that news on the weakening JPY isn't what we've been seeing on the charts. In fact, the JPY appears to be getting a bit stronger thanks to positive trade balance figures released by China one of Japan's largest trade partners.
In the end, we're looking to make a move to buy if the downward value trend continues, and we'll consider making a move to sell once it peaks its head at or above 82.00. Don't sell too quick though, this puppy may well outshine its previous surge past it 82.00 resistance level and make wealthy forex traders out of us all.
